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Stock impact report

How to Invest Your $7,000 TFSA Contribution in 2024 [Yahoo! Finance Canada]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
According to Moneysense, if you were born in 1991, have been a resident of Canada since before 2010, and have never contributed to a Tax-Free Savings Account (TFSA) , your total contribution room for 2024 is $95,000. That's a huge opportunity to grow your money tax-free. Looking ahead, the contribution limit for 2025 will be another $7,000. But if you haven't contributed to your TFSA for 2024 yet, start there first – another $7,000 is up for grabs. There are countless ways to invest your TFSA contribution. My idea today could offer you either growth or income with just one exchange-traded fund (ETF) . It all depends on how you choose to handle the monthly distributions it provides. Bank stocks: A TFSA favourite Canada's “Big Six” banks – Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce, and National Bank of Canada – are perfect candidates for your TFSA. Why? As a group, these banks boast strong balance sh Show less Read more
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